Polygon Labs Adds Solana to Open Money Stack

Polygon Labs has expanded its Open Money Stack payments platform to Solana, giving businesses a single integration for connecting bank funding, crypto transfers and payouts. The company said the service can link Solana-based operations with banking and payment channels without requiring businesses to assemble separate providers for each step. Businesses using the stack can connect supported bank, card, cash and cryptocurrency funding routes, create customer accounts and embedded wallets, move funds between Solana and networks including Polygon, Ethereum and TRON, and arrange payouts to bank accounts, cards or wallets. Polygon Labs says companies can adopt the full platform or select components to work with existing systems. The integration is intended to connect digital-asset transfers with the financial services businesses and their customers already use. For example, a remittance provider could receive dollars, send USDC over Solana and arrange a bank payout for the recipient. The platform also supports fund routing and conversion across networks, according to Polygon Labs. Cross-border payments company Kira is among the first customers using the Solana integration. Kira...